Fortune 500-ranked JLL, a Chicago, Illinois-based investment management firm, this week announced its acquisition of Cresa South Florida, based in Miami.
With offices in Miami, Fort Lauderdale, Palm Beach, Tampa, Orlando and Jacksonville, JLL’s Florida portfolio comprises over 28.6 million square feet. The company specializes in landlord and tenant representation, capital markets, development, and property management within the office, retail, industrial and hospitality markets, as well as the multifamily housing sector.
"Our partners made the decision to join JLL to give our professionals the opportunity to be part of a company that is recognized as the global gold standard in our industry and that shares our vision for serving clients in South Florida," said Cresa principal Alan Kleber. "JLL's comprehensive global platform will allow us to meet the increasingly complex needs of our clients, help them make better real estate decisions and achieve more value aligned with their business goals."
Cresa South Florida’s primary team of eight principals — David Prevé, Barbara Liberatore Black, Charlie Barton, John Marshall, Matthew Cheezem, Glenn Olson, Matthew Goodman and Kleber — will join JLL along with at least 20 additional specialists, to work alongside Doug Irmscher, JLL's Florida market director.
"The acquisition of Cresa South Florida significantly expands and strengthens JLL's footprint in the South Florida market, with an emphasis on advising some of the largest and most important companies in the region," JLL’s Irmscher said. "The Cresa team is a perfect fit with JLL's culture as both firms share the core values of integrity, trust and excellence, which should make this a seamless transition right from the start."
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